Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 63,599 people, 24,121 houses or apartments, and a median cost of homes of $281,213, Coon Rapids real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Coon Rapids, accounting for 61.24% of the city's housing units. Other types of housing that are prevalent in Coon Rapids include row houses and other attached homes ( 18.89%), large apartment complexes or high rise apartments ( 17.23%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.58%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Coon Rapids. Owner-occupied housing accounts for 74.28% of Coon Rapids's homes, and 56.80% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Coon Rapids built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Coon Rapids built between 1940-1969 ( 25.80%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.58%). There's also some housing in Coon Rapids built before 1939 ( 1.31%).
In the last 10 years, Coon Rapids has experienced some of the highest home appreciation rates of any community in the nation. Coon Rapids real estate appreciated 95.61% over the last ten years, which is an average annual home appreciation rate of 6.94%, putting Coon Rapids in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Coon Rapids definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Coon Rapids appreciation rates have trailed the rest of the nation. In the last twelve months, Coon Rapids's appreciation rate has been 16.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Coon Rapids were at 6.62%, which equates to an annual appreciation rate of 29.24%.
Relative to Minnesota, our data show that Coon Rapids's latest annual appreciation rate is lower than 70% of the other cities and towns in Minnesota.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Coon Rapids differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coon Rapids - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Coon Rapids real estate investment or home purchase decisions.
High for Nation
High for MN